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Strategies & Market Trends : cash-rich dot bombs

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To: stock leader who wrote (40)	12/18/2000 12:18:14 AM
From: Jeff	Read Replies (3) of 184

i would not hold any of these picks long for next year...... after the next runup in nasdaq.......its gonna get whacked hard early next year and likely test 2271....... which means all these stocks will be right back at the bottoms...... the play on all these is this....... right now the mm's are cleaning out weak hands......so any stock in the dollar range can still see .30........thats where the mm's like to bring these to....... then when they see no more sellers.......you can get a quick pop........ and if the market rallies some here......you may get many triples from these levels....... two examples are NPNT and NASC......even TALK hit down near .50 and exploded up....... but just like any stock......once they hit a new bottom.......THEY WILL REVISIT THAT BOTTOM AGAIN......... so these are all trades till a retest....... good money can be made on the cheap ones as long as you don't hold em....... two that the mm's are killin' now and should bounce soon are PRMO......and NTCS......and i'm watching IONN...... don't care if they have cash or not......these are all at these levels because mm's are taking tax sellers low as possible......they get a pile of cheap shares.....and then they run em up and dump their shares on small investors who think they have a good long term hold.....only to watch the bottom fall out again....... watch the mm's kill em......buy as cheap as possible......and ride em up with the mm spike......get out.....and find another one......easy play this time of year...... then look at em again next spring and see who survives before you think of holding any of these....... regards

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